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Years ago

Message to the Consortium on 9 news last night

Contortium shuld make an accoucmnt

Anonymous
Years ago

By fee I mean Guarantee.

Anonymous
Years ago

So Isaac is that why South & Perth had the fees waived? Anyone else have the fee waived?

Anonymous
Years ago

Expenses exceed Income.

Player payments are high

Anonymous
Years ago

Just to clarify on the above. A Bank Guarantee is not a matter of plonking a $1m in an account.

It is bacically a contract between sixers the bank and the nbl that says, that if the NBL wants to redeem these funds from the bank they can. The contract can be secured with normal thing banks will take as security be it cash, resi property, commercial property, etc.

They are not really that expensive, I think for $1m it would be around $10k (correct me if im wrong)

Im pretty sure that there would be no problem in the sixers or mal being able to afford this, I just think he may be unwilling more than anything

 

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Random name suggestion for anonymous posters: Vesta 41

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